Report finds Offaly property prices have risen by €20k in 12 months

Property prices in Offaly have risen by €20,000 in the last year, according to the latest MyHome Property Price Report.

The report for Q3 2026, in association with Bank of Ireland, shows that the median asking price for a property in the county is now €269,000. That means prices have risen €9,000 over the quarter.

Asking prices for a 3-bed semi-detached house in the county rose by €5,000 in the last year to €245,000. This means prices also rose by €5,000 over the quarter.

Meanwhile, the asking price for a 4-bed semi-detached house in Offaly rose by €20,000 in the last year to €300,000. This price has fallen €7,500 over the quarter.

There were 157 properties for sale in Offaly at the end of Q3 2026 – the same amount as the previous quarter.

The average time for a property to go sale agreed in the county after being placed up for sale now stands at three months.

Reflecting on the national picture, the author of the report, Conall MacCoille, Chief Economist at Bank of Ireland, said that the report signalled good news for homebuyers. “The rate of asking price inflation continues to slow, the number of properties for sale on MyHome is rising, and homebuilding has picked up. All of these factors point to positive news for homebuyers.”

He noted that this report also focused on property affordability. “While it makes more financial sense to rent rather than buy, affordability is clearly problematic for many homebuyers.

“The median residential property price at €412,000 is now 7.7 times’ average pay of €54,000.

“However, the typical joint income of first-time buyers in 2025 was €95,000, purchasing a property worth €408,000, equivalent to four times’ their income.”

Mr MacCoille said that energy efficiency was obviously a concern for many homebuyers, pointing to recent research by MyHome and the SEAI suggesting that home prices increase for every step on the BER scale. “The maximum price uplift from moving from C-rated homes to A-rated was estimated to be in the range 10-13%, even after accounting for other key factors such as house type and location. That said, the uplift can be smaller in more expensive urban areas, with just a 1.8% increase for each point on the BER scale in Dublin.

“The SEAI findings point to a more positive impact onto house prices than previous studies perhaps because homebuyers are now more conscious of energy efficiency – specifically, energy savings and reduced exposure to volatile household electricity and gas charges.”

He concluded by saying that MyHome was almost exactly on track for its forecast that the official CSO measure of transaction prices, the Residential Property Price Index (RPPI), will see a 4% rise through 2026.

He added that MyHome has left its forecast for housing completions unchanged at 39,600 in 2026 and 42,000 in 2027, noting that was still a far better outlook than many commentators had suggested just 12 to 18 months ago.